Optimal Communication

Preprint
Publisher Website
Google Scholar
  • 1 January 2006
    • preprint
      • Published in RePEc
Abstract
Optimal communication to a group often entails a trade-off between precision of information conveyed and common understanding (or approximate common knowledge) of the information within the group. We argue that an understanding of this trade-off is central in many contexts, including central bank communication and the design of accounting standards, as well as understanding the design of language itself. (JEL: C72, D83, E52, M41) (c) 2007 by the European Economic Association. (This abstract was borrowed from another version of this item.)
All Related Versions

This publication has 0 references indexed in Scilit: